The police nabbed a stock broker for cheating a city builder of his blue chip scrips worth Rs 16 lakh recently. The fraud was detected when the owner of Lakdawala Hotels and Construction Ltd asked his manager Mukesh Vyas to clarify the company’s shares status. the owner discovered that about 13,100 shares of four reputed companies valued around Rs 16,04,400 had been misappropriated. According to officials attached to Lakdawala Constructions, Vyas had been hired in 1996 exclusively for buying and selling the company’s shares. A complaint was lodged at Khar police station in the first week of April, and Vyas was arrested on charges of committing fraud, the police informed.

Indian companies are gradually clear that a buyer in the market, the service could provide a competitive advantage. Once developed, and advanced in a sellers’ market, while it requires a way of thinking in the layer. Veteran HR professionals Leonard D’Costa provides that help businesses of this passage. D’Costa, current president of Piramal HR businesses, “his papers and will soon move to Goa. Here, with the Goa Institute of Management, is the establishment of a Centre for Human Resource and Service Management. “I see a clear window of opportunity,” said D’Costa, who is originally from Goa. A graduate of XLRI, D’Costa began his career as a Management Trainee at the Tata Management Training Centre and ended at spending 26 years with the Tata group. Prior to joining Piramal four years ago, he was in hotels and had also worked on the JRD Tata Quality Initiative. D’Costa said that apart from setting up the centre, it would also be time-consuming, though some teaching and consulting and research organisations. Pending Piramal his successor is not yet complete.